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125
Dec 6, 2012
12/12
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president, you won the election, you want more taxes, we're willing to do that. we don't want to do it, we think it will hurt the economy, but we're willing to do it. but to minimize the damage on the economy, at least do it through eliminating these loopholes, these so-called deductions and credits and special provisions. don't try to do it by raising tax rates because that directly hits the small business that you're trying to help create jobs right now. here is what small businesses care about. like i said, you have a dad and his two sons. maybe mom does the accounting for the firm and so on. they have to be concerned about the estate tax. the small businesses spend a lot of money trying to plan around paying the estate tax. on january 1 if we don't do anything, there is only a million dollars exempted. if you have a small business with a bunch of trucks and equipment and like, you're going to have far more than a million dollars in assets in the business. same thing for a farm. and what happens is that rate goes up to 55%, the amount exempted is only a millio
president, you won the election, you want more taxes, we're willing to do that. we don't want to do it, we think it will hurt the economy, but we're willing to do it. but to minimize the damage on the economy, at least do it through eliminating these loopholes, these so-called deductions and credits and special provisions. don't try to do it by raising tax rates because that directly hits the small business that you're trying to help create jobs right now. here is what small businesses care...
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235
Dec 5, 2012
12/12
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why was not discussed in the election cycle? >> guest: i would argue it is not working. he particularly would not work if you do not have a patch. even with a patch, the way the amt works is they will increase taxes, for example, take capital gains come in the example you've raised. the tax rate in the minimum tax for a variety of technical reasons is 22%, not 15%. if your income is between $200,000.500000. once your income goes over $500,000, the amt rate, the capital gains rate drops down to mac 15%. it is a totally bizarre effect every structure which you have the higher marginal rate -- i'm sitting between 200,000, in 500,000 is wealthy by make estimation. but it's not as wealthy as making more than $500,000. so you have a structure that the moderately wealthy face higher effective tax rates than those which i consider to be truly well-off, making more than $500,000, white was discussed in the last election i can't tell you. it's not discussed enough. i believe in the current discussion at the clift either. this is often ignored in the fact that this takes effect for
why was not discussed in the election cycle? >> guest: i would argue it is not working. he particularly would not work if you do not have a patch. even with a patch, the way the amt works is they will increase taxes, for example, take capital gains come in the example you've raised. the tax rate in the minimum tax for a variety of technical reasons is 22%, not 15%. if your income is between $200,000.500000. once your income goes over $500,000, the amt rate, the capital gains rate drops...
110
110
Dec 4, 2012
12/12
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international relationship, i don't think that that kind of thing -- >> what matters is japan does have election on the summer 16th. are they worried about china trying to put together a leader democracy in the region including india because that was his strategy that if you put together things, much more like your when you think, i know you can't in your position talk one way or another about prime minister but this notion about a strategic -- is japan really need to invest in structures that balance -- are you worried that given your experience you have to balance china much more vigorously than you did in the past? >> yes. most frequently you ask question for japanese people is whether we regard china as a threat or a chance for an hour and should is would like to see china development as a chance rather than threat. >> what you think will really happen? >> there is a assumption that china continues to be kind of international stakeholder, stakeholder, international community. international order and they respect the communication with the other countries. on the assumption i think we can wel
international relationship, i don't think that that kind of thing -- >> what matters is japan does have election on the summer 16th. are they worried about china trying to put together a leader democracy in the region including india because that was his strategy that if you put together things, much more like your when you think, i know you can't in your position talk one way or another about prime minister but this notion about a strategic -- is japan really need to invest in structures...
96
96
Dec 4, 2012
12/12
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election in the second term presidency. so john boehner is active to be speaker the next four years hopefully this is the beginning of a productive relationship. >> host: you made some news last week -- >> guest: not intentionally. [laughter] >> host: when you said republicans should agree with the president, go ahead and extend the tax cuts for 98% of americans and fight leader on for extending those tax cuts for wealthier americans. given what was put out by speaker boehner yesterday, did that change your position? >> guest: not at all. i think that's the smart thing to do. it's the right thing to do. the two sides agreed that we don't want to raise taxes on 98% of the american people. we should agree to take them out of the line of fire so to speak. i want them to follow the the date. i want them to be engaged in the the date. i think they will come to our side of the date. but if they are worried in the next 30 days their taxes are going to go up, if they don't have a lot of confidence any way, mishandling things, and i
election in the second term presidency. so john boehner is active to be speaker the next four years hopefully this is the beginning of a productive relationship. >> host: you made some news last week -- >> guest: not intentionally. [laughter] >> host: when you said republicans should agree with the president, go ahead and extend the tax cuts for 98% of americans and fight leader on for extending those tax cuts for wealthier americans. given what was put out by speaker boehner...
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137
Dec 6, 2012
12/12
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eye 137
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and that was before this last election cycle, when in election after election we saw super pacs funneling vast fortunes into primaries for the presidency, into senate races, into house races, funneling them in with nobody knowing where the money came from. now, some of the contributors of those super pacs they did disclose that they contributed to the super pac. they bragged about it. but when the money went from the supesuper pac to the state, noby knew where the money came from. so it was an tac by vast pools of dark moafnlt i tell you this, if we had had the talking filibuster and fecks had had to rise up -- and folks had had to rise up on this floor and defend these donations, then we would have gotten the 60th vote and we would have a much better system today. or how about pay equity for women? how about pay equity? i think we would have had the public weigh in, if they could have seen it was being torpedoed by the silent, hidden filibuster. now, there are folks -- i've heard them over the last few weeks -- say, oh, this strategy of asking people to talk is a way to suppress the view
and that was before this last election cycle, when in election after election we saw super pacs funneling vast fortunes into primaries for the presidency, into senate races, into house races, funneling them in with nobody knowing where the money came from. now, some of the contributors of those super pacs they did disclose that they contributed to the super pac. they bragged about it. but when the money went from the supesuper pac to the state, noby knew where the money came from. so it was an...
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Dec 10, 2012
12/12
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eye 91
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get election. two-and-a-half to throw a harder line on immigration, and it have to draw a harder line on latino voters overall? >> one thing that is, well, i get a lot of questions from people outside of arizona all the time that involves the first question which is what is wrong with arizona? particularly with arizona politics. one thing i have to tell individuals is we have a unique election system specifically with clean elections. you can get matching dollar for dollar contributions from the state of arizona should you be going up against a well-financed candidate would've been a primary or general election. and this has dramatically shifted the type of republicans that are now being elected to arizona state legislature. now with clean elections, rather than having to appeal to certain -- chamber of commerce intercept them what i call the country club republican, you go to state of arizona and be an ideologue and get matching dollar for dollar, so your moderate business-oriented republicans hav
get election. two-and-a-half to throw a harder line on immigration, and it have to draw a harder line on latino voters overall? >> one thing that is, well, i get a lot of questions from people outside of arizona all the time that involves the first question which is what is wrong with arizona? particularly with arizona politics. one thing i have to tell individuals is we have a unique election system specifically with clean elections. you can get matching dollar for dollar contributions...